Must bridgette honor her contractual agreements

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Bridgette enters into an oral contract to purchase a tract of land from Bill. The land is considered worthless, but Bridgette feels that she has discovered a possible usage that would drastically increase the value of the land. To assure herself of the potential value of the land, Bridgette orally hires an attorney to investigate the title and records associated with the land in question. Before gaining any information from her attorney, Bridgette orally contracts with a builder to construct a huge building on the site. Because of the size of the project, it will take 14 months to complete the building. Bridgette now discovers that the land is indeed useless, a fact that she obtains through information from her attorney. Bridgette now refuses to honor her contracts with Bill, her attorney, and the builder. Must Bridgette honor her contractual agreements?

Reference no: EM132237801

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